Common use of Death of Employee Clause in Contracts

Death of Employee. If any of the Deferred Stock Units shall vest upon the death of the Employee, any Common Stock received in payment of the vested Deferred Stock Units shall be registered in the name of and delivered to the estate of the Employee.

Appears in 14 contracts

Samples: Global Deferred Stock Unit Agreement (Mondelez International, Inc.), Global Deferred Stock Unit Agreement (Mondelez International, Inc.), Global Deferred Stock Unit Agreement (Mondelez International, Inc.)

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Death of Employee. If any of the Deferred Stock Units Shares shall vest upon the death of the Employee, any Common Stock received in payment of the vested Deferred Stock Units Shares shall be registered in the name of and delivered to the estate of the EmployeeEmployee except that, to the extent permitted by the Compensation Committee, if the Company shall have received in writing a beneficiary designation, the Common Stock shall be registered in the name of the designated beneficiary.

Appears in 10 contracts

Samples: Deferred Stock Agreement (Philip Morris International Inc.), Performance Incentive Plan (Altria Group, Inc.), Deferred Stock Agreement (Philip Morris International Inc.)

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Death of Employee. If any of the Deferred Stock Units shall vest upon the death of the Employee, any Common Stock received in payment of the vested Deferred Stock Units shall be registered in the name of and delivered to the estate of the Employee. 7.

Appears in 1 contract

Samples: www.sec.gov

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